What will Joe Biden’s “build back better” plan mean for markets?

Joe Biden recently proposed a $2trn “build back better” stimulus plan for America – on top of the $1.9trn he announced earlier this year. Saloni Sardana looks at what’s in it, and how it will affect the markets.

Joe Biden
Joe Biden: plan calls for significant tax rises
(Image credit: © Demetrius Freeman/The Washington Post via Getty Images)

Last week, US president Joe Biden unveiled his much-anticipated infrastructure plan.

Biden’s vision to rebuild America is, he says, “not seen through the eyes of Wall Street or Washington but through the eyes of hardworking people”. Accompanying those words are proposed corporate tax hikes worth $2trn to cover the cost of the package.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni